New Delhi, Jan. 16 -- Federal Bank share price popped 13% to Rs.278.40 apiece during the second-half trading session of Friday, January 16, as investors appeared impressed by the company's financial performance for the December-ending quarter.

Its net profit during the reporting quarter stood at Rs.1,041.21 crore, up 9% YoY, supported by stronger core income and operating leverage.

The net interest income (NII), which represents the difference between the interest earned from loans and the interest paid to depositors, stood at Rs.881 crore in Q3, up from Rs.869 crore in the corresponding quarter of the previous year.

The Net Interest Margin (NIM) expanded 12 bps QoQ to 3.18%, supported by improvements in liability mix and asset reprici...